New Bank of Baroda Chairman Ravi Venkatesan meets Arun Jaitley

New Delhi: Amid allegations of irregularities against Bank of Baroda officials in the Rs 6,000 crore illegal remittances case, its newly appointed Chairman Ravi Venkatesan Wednesday called on Finance Minister Arun Jaitley.

"It was a courtesy meeting with the Finance Minister," he said.

On remittance case, Venkatesan said "... Investigations are on and it would not be inappropriate to say anything. Investigations would be able to clear the picture."

Bank of Baroda officers are facing probe by Central Bureau of Investigation (CBI) and Enforcement Directorate (ED) in the Rs 6,000 crore illegal remittances case.

As many as six persons including two officials of the Bank of Baroda --S K Garg and Jainish Dubey -- have been arrested in this case for criminal conspiracy, cheating and provisions of the Prevention of Corruption Act.

Garg was AGM while Dubey was headed of the foreign exchange division at BoB's branch in Ashok Vihar.

The ED has arrested four persons, including an HDFC bank employee, in connection with the case.

The directorate arrested Kamal Kalra, working with the foreign exchange division of HDFC bank, Chandan Bhatia, Gurucharan Singh Dhawan and Sanjay Aggarwal after marathon questioning at its office here.

The CBI FIR had alleged that "59 current account holders and unknown bank officials conspired to send overseas remittances, mostly to Hong Kong, of foreign exchange worth approximately Rs 6,000 crore in illegal and irregular manner in violation of established banking norms under the garb of payments towards suspected non-existent imports".